2,881 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Purchased by LJI Wealth Management LLC

LJI Wealth Management LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,881 shares of the company’s stock, valued at approximately $1,200,000.

Other institutional investors have also recently made changes to their positions in the company. GQG Partners LLC bought a new position in shares of Super Micro Computer in the 1st quarter valued at about $1,325,466,000. Vanguard Group Inc. grew its holdings in Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. International Assets Investment Management LLC increased its position in Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after buying an additional 915,058 shares during the last quarter. Van ECK Associates Corp increased its position in Super Micro Computer by 1,169.5% during the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after buying an additional 124,062 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Super Micro Computer by 511.9% in the second quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after buying an additional 110,308 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded up $0.57 during trading on Friday, reaching $18.58. 74,025,423 shares of the company traded hands, compared to its average volume of 80,554,438. The firm has a market capitalization of $10.39 billion, a PE ratio of 9.34 and a beta of 1.28. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $39.66 and its two-hundred day moving average is $62.80.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of recent analyst reports. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $109.00 to $70.00 in a report on Wednesday, August 7th. Wedbush reiterated a “neutral” rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Loop Capital cut their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Wells Fargo & Company reduced their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a report on Wednesday, August 28th. Finally, Barclays lowered their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.